HP Acquires Ibrix
Hewlett-Packard of Palo Alto, CA, will acquire Billerica, MA-based Ibrix, HP said in an announcement today. The nine-year-old company, with 53 employees, makes software used by large enterprises such as AOL, Pixar, and Blizzard Entertainment to manage network file servers holding petabytes of data. The financial terms of the deal weren’t disclosed. PE Hub reports that Ibrix had raised at least $45 million in venture capital from firms including JT Venture Partners and Credit Suisse.